We create online stores using WooCommerce with different payment gateways for various products. You can sell fashion apparel, footwear, cosmetics, gadgets, kids store, kitchenware online.
Overview of eCommerce in Malaysia
According to Statista, the revenue of the eCommerce market in Malaysia is estimated to be MYR $150 billion in 2019. And it will keep growing at an annual growth rate of 11.4%. It is projected that the market volume of eCommerce will reach MYR $240 billion by 2023.
The largest market section in the eCommerce is Electronics & Media. It includes consumer electronics such as mobile phone, tablets, laptop, computer, eBooks, streaming music and video services. And the second largest market section is Fashion related products such as apparel, footwear, bags, and accessories.
Who shop online?
The eCommerce user penetration rate is 62.5%. Meaning to say that, out of 100 people in Malaysia, about 62 people have an online shopping experience. Out of these people, 81% of them are from the range of the ages of 18-44 years old. Averagely, each people are spending around MYR $750 per year on online shopping or subscribing the online streaming service.
The most popular payment method that Malaysian use for online shopping is by cards. It is around 55% of the total purchases, following by the online bank transfer and e-wallet.
There are a lot of ways that I can sell my products and services online such as Shopify, Shopee, and Facebook.
Why do I need to have my own’s online store?
Having your own’s WooCommerce online store, you can have limitless flexibility to do the customization according to your needs. You can eventually hire a web designer to design your online store that matches your brand and value.
WooCommerce is supported by a large web developer community because it is an open source platform. You can hire a web developer to build an extension that works exclusively for your business operation purpose. In fact, there are many free or paid extension that can be used to extend the functionality of your online store.
WooCommerce does not charge any transaction fee for the product or service sold. But, Shopify charges 0.5-2% per transaction if you use a third-party payment gateway such as PayPal. You can save a lot if your business is involving a large transaction or high-value products or services.
On Shopee, you will need to face a lot of competitors if you sell your products on it. Consumers can easily compare the price of the products on those platforms. Selling your quality and unique product at a lower margin will reduce your revenue and profit at the end.
Better management system
Selling on social media Facebook probably is more suitable for the startup or microbusiness. Not to mention, you need to deal with the tedious manual payment method through online bank transfer or e-wallet. As a seller, you need to spend more time to keep track of the record.
Build an online store for your business now, if you are planning to build up your brand and value, and run the business on a long-term basis with higher flexibility and profitable revenue.
Thinking to build a website for your business, but still worry about the cost? Worry no more, contact us for a free quote. We will offer you an affordable and best plan for your company website.